Land tax - what it could mean for you

[Bob Kane]

I will pass on as much as I can.

If 50% by value pass on $100 and 50% pass on nothing, the it will be 50:50. However if that happens, will you be able to justify the $100 rise when your neighbour landlord decides not to.

I haven't heard anyone say they won't pass on any tax increase.
It's hard to believe any landlord absorbing $100 pw without a fuss.
Perhaps I'm just too cynical and have forgotten how generous landlords are and how they're only too happy to pay a bit more tax to help out the country.
(makes a note to smile tomorrow morning and drop $10 notes along the footpath)

[Tucker]

I haven't heard anyone say they won't pass on any tax increase.
It's hard to believe any landlord absorbing $100 pw without a fuss.
Perhaps I'm just too cynical and have forgotten how generous landlords are and how they're only too happy to pay a bit more tax to help out the country.
(makes a note to smile tomorrow morning and drop $10 notes along the footpath)

(making note to go walking along different footpaths tomorrow)

[The-Victor]

Leasehold Will Become Fashionable

To the accountants out there, is it fair to surmise that leasehold properties may just become fashionable, because of the proposed Land Tax, especially on Tangata Whenua land as this likely to be excluded from the Land Tax just as farms will be?

[eri]

AFAIK

if you mean apartments like the railway apartments in auckland on leasehold land held by ngati whatua

as the land value will be quite high they will be subject to land tax under the current proposals

there is no exclusion for tangataW land as such, just low value land